Frasers Centrepoint Limited posted their FY 15/16 Full Year earning report in summary below.

• Revenue of $3,439.6 million, 3.4% lower than previous year
• PBIT of $938.2 million, 15.1% lower than previous year
• Profit before tax of $960.3 million, 19.7% lower than previous year
• Attributable Profit of $597.2 million, 22.6% lower than previous year
• Profit for the year of $766.1 million, 24.3% lower than previous year

The drop in revenue was mainly attributable to lower contributions from the group's development portfolio in Singapore, Australia and China. These declines were partially mitigated by the recognition of profits from North Park Residences and the completion of Twin Fountains (EC) project. Beside profit recognition from the property development, FCL also achieved healthy earnings from recurring income sources, which provided a strong and stable income base. Property Development Key Highlights FCL’s 80:20 joint venture with ......